GMAC Bailout of Larry LevinToday was nearly a copy from yesterday, it was slow, suffered in small quantities all day long, and very late to a sudden rise purchase. Resemble tomorrow can more of, or a dead horse still more deader? Like it, it gives no sense, a striking dead horse says. This economical data became in the morning in a word: badly. After the monthly Conference board it meet index, the confidence of the consumers a record low in auto loan Stafford December - as in NEVER that the small in history. In December the confidence the consumer index fell on 38 of one downward-compatibly revises 44.7 in November. Most economists had expected again once proven that they do not know anything, as it in December reading of 45,8. Economists are like embankment Street analysts - useless, there Pizza laminated! And house have price data on the action, and,
with a further degradation. The FR-Case-Shiller-index from at home 2.2% fell in Obama moving to DC - Boston Globe October starting from September. The index showed also, at home the prices around 18% starting from October 2007. Fortunately for all the good few socialists at the Wall Street, but the government for rescue again - with your money. They know, like the financing GMAC arm of general of engine, now government of engine. A large part of it (51%) was sold, around Cerberus Capital, also the owners of Chrysler. Cerberus Capital is terribly bad a private Wall Street auto loan Stafford security company, those (stupidly?) Bets that you are now paid. This GMAC Bailout will these private enterprises actual owners, although on a lower 33% to save during it also Cerberus wealthy investors time. When does the Treasury have that for you does? The Treasury afternoon said, it
will the GMAC a $ 6-Milliarden Handout, leaves you it to a bank, and becomes GM a $ 1-Milliarde. This is additional to the $ 17,4-Milliarden Handout to GM and Chrysler. The Atheists Sue to Get Prayer, God Out of Obama's Swearing-In - Washington Post money has from TARP funds, but the TARP is to be opened. The money, that was stolen by you for GM, Chrysler and the UAW was the latter in the Dime TARP kitty. Congress to be approved of must and the second half of the TARP, hasn& amp; #39; t also yet not discussed. And these new $ 7 billion (altogether) Handout not by the house of representatives, still the house, in that all means starts. Thus one asks auto loan Stafford oneself: Where to hell is the money out? Who approves that? Is the Treasury appropriation of their own financing? But that
is not, where this history ends pathetisch - oh no, to Theres more! The Treasury funneled GMAC the money by the purchase of preference stocks of the camps, around it in such a way look, like an investment. Un-huh. With the tax dollar, GMAC becomes granting of credit on deadbeats again. In a Bloomberg today history, GMAC president More Drama in Caroline Kennedy Camp. This Time, Over Bloomberg Deputy - Women on the Web Bill Muir said that the enterprise explained, it wont to financing transactions with increased risk, instead of the concentration on customer, the prime numbers is rather to the repayment, those with credit standards. The relaxed policy will make it for us possible, should the return to normal levels of the financing volume, and into the efforts for the stabilization of the US automobile industry, GMAC president Bill Muir, said it in the today's statement. Thus
she says wont lends auto loan Stafford to the worst worst -- Yeah, right. The piece goes describing on those, like GMAC is simply invent, which first-class applicant for the credit is, smaller credit result is the new normally. GMAC will have her prime factors applicant for the credit category FICO result of 700 to 621, and voil� - already we now first-class applicants for the credit again. If this doesnt work, GMAC becomes only below the score threshold again. Havent these clowns somewhat learned? But, A Little Less Than 'Magic' - Washington Post Theres wait more! Why should GMAC such an odd number of 621 as a prime contractor applicants for the credit? The US credit median result is 723 and 620 becomes as Sub Prime. Thus, if GMAC 621 does not use theyre credit risk, theyre prime applicant for the credit as result. According to Mr.
Muir of GMAC, with 621 in place of 620, is actually responsible with credit standards. They know the smell on a pig to not yet auto loan Stafford too stink but on! The government has now you into the business with Subprime loan, that is so similarly as runs in a burning house as falls to ground. Indeed, I was predicted to happen on 9-23-08 in my letter after, which Absurdity with the absurd. In him I said and then have we congress hold for court about the whole absurd chaos, which is question like the cat, which Canary ASS. Ill we assume that, can the debt auto loan Stafford of the trio only mentioned, but it isnt larger reason? This country, public and private equally, live much since over CREDIT to for a long time. Nobody saves more - it concerns the immediate satisfaction. And now that
those is credit closely and becomes more closely, only very few humans for the credits, around the house of the maps constant ones much longer. The average American will not buy something, which it doesnt must with money, which it doesnt. Police: Ski Shooter Yelled About Religion Before Killing Colleague - FOXNews And the congress not for one that. Thus in guess that the answer to this absurd of the congress will ignore (as usual), the causes, above all their own role, and for the fast solution. Only few become, if to the account are pulled to everyone. Like tests to be forced dumbed down Sally, so that the Cheerleader develops doesnt an earned idiot complex, congress becomes the Rating agencies, around its FICO result is correct. For example, congress decree auto loan Stafford that a result of 500 FICO is now the new 700 and so
on. Voila - everything is solved. Check-out counters, borrow, borrow, use, use, use. And the people is absurd by the representation of the absurdity! I was quite condemn close. Expect that the insanity too spread. But wait - Theres more! Within a few hours, GM did not offer credits as for a long time, as five years, around this year to 22 per cent conversion, partly State comptroller: Paterson?s budget is ?risky' - Bizjournals.com caused by the inability of its customers, around the financing. What? Zero per cent of financing? How will this financing make enterprises of profits, if it credits in our achievement relationships free of charge? But wait - Theres more! GMAC pays by 8 per cent on the Treasurys 5 billion US $ of high-ranking Preferred Equity to dividend. The enterprise becomes also for Optionsscheine in the form of additional Preferred Equity the fact that equivalent
5 per cent the auto loan Stafford preferential share purchase and the payment of a dividend 9 per cent if exercised.OK, reads you the two sales again. Now stop lye-hung and lets ask unisono - like the #% @ * GMAC loan 8%-Darlehen can pay off, if it did not say again from loans money a profit? Now people, that is the reason, why I renamed to the government GM of engine. Only one government can expect such a thing philosophically and in principle stupidly and Electrical Fire Leads to Evacuation of Elkridge Senior Home - Washington Post that it to the work. Are you still ask whether national intervention is a good thing? Do you have to still believe that the government has to do something? I say NO! Government interference makes it only worse. Unfortunately, if the mayors and governors in this country their greedy Mitts
on these funds, which GMAC Handout palely compared with the PORK it pissen it removed. The more funds wasted on stupidity of it, the longer and more deeply the auto loan Stafford recession, during it slows down the recovery. It is only so much capital, and also that the capital is alive around not enterprises and municipalities, sickening. Previous days Trading Room of results: Trade date: 122908E-SP mini trade * (before fees and commissions): 1) to OTF buy @ 11:25 at on 879,50 = -1.75 (1 lot) 2) OTF sell @ 1:10 pm on 878,75 = +,25 (1 lot) 3) algorithm positions (9) evening altogether 3.75 E.G. (30 year bond) trades From Iowa to Inauguration (Vol. 3): A Retrospective on the ... - Huffington Post * (before fees and commissions): 1) no trades today. Sign as a member AvidTrader on the ranges price technicians each day. The market
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Wednesday, December 31, 2008
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